Scout Cold Logistics Leases Pasadena Industrial Property To Lorenzo Simonelli For Baker Hughes

Located at 10575 Red Bluff Road in Pasadena, the industrial property spans 250,000 square feet and will see a significant interior build-out costing $18.55 million. The tenant, Lorenzo Simonelli of Baker Hughes, is set to occupy 25,000 square feet of office space, 25,000 square feet of warehouse space, and 200,000 square feet of light manufacturing within the facility owned by Vincent Signorello of Scout Cold Logistics.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 10575 Red Bluff Road
• Market: Pasadena
• Tenant: Lorenzo Simonelli - Baker Hughes
• Landlord: Vincent Signorello - Scout Cold Logistics
• Interior Build-Out Cost: $18.55 million

Energy Architecture is leading the interior build-out for the industrial property where Baker Hughes is expected to commence its operations. The interior build-out is scheduled to start on April 30 and is projected to last approximately a year, transforming the space to accommodate Baker Hughes' office, warehouse, and light manufacturing needs.